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Cosco bags engineering contract with European customer

Cosco’s subsidiary Cosco Guangdong has bagged a contract from a European buyer to build a 15,000 cbm trailing suction hopper dredger.

According to Cosco’s media release, Cosco Guangdong and the buyer have agreed to keep the contract price confidential.

The vessel is slated for delivery in the second quarter of 2018.

“Barring any unforeseen circumstances, the contract is not expected to have a material impact on the net tangible assets and earnings per share of the Company for the year ending 31 December 2016,” stated Cosco.

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